PRIVOS HIGH IMPACT PHILANTHROPY

"This is about building on a wonderful tradition of philanthropy that will ultimately help the world become a much better place.”

Bill Gates, in discussing The Giving Pledge.

Privos Philanthropy: High Impact Philanthropy

Our firm, together with our global family office LP partners, are passionate activists and thought leaders in global family office philanthropy. We believe in "High Impact Philanthropy" and execute on this vision in all of our philanthropic work around the world. We embrace activism and employ private industry experience to effectuate global change for our the philanthropic initiatives of our multi-family partners.

As we have several University of Pennsylvania Wharton MBA alums at our firm, we have decided to based our firm's definition to High Impact Philanthropy on the work developed at The University of Pennsylvania Center For High Impact Philanthropy. Thus, for our multi-family office, the High Impact Philanthropic work that we undertake is characterized by (1) a family offices that believes in their mission to achieving social impact; (2) leveraging the resources of the family office to identify the problem and developing solutions in the home country of the family office partner; (3) linking considerations of cost and impact to understand where the best opportunity is for the family office to achieve social impact; and (4) continuous learning by the entire family office to refine and improve so that you make a greater difference.

To help you understand how our multi-family office executes High Impact Philanthropy, we worked, for many years, with one of our global family office partners in partnership with the United Nations, the World Bank, and the Germany Development Bank, KFW, and others, to establish in six countries in Africa the enabling environment to provide low cost LPG, energy, and clean cook stove solutions to women and children on the continent. Our involvement High Impact philanthropic project was driven, in part, by the fact according the World Health Organization cooking and fire inhalation actually kills more women and children in African than AIDS, TB, and malaria combined. Further, women and girls in certain parts of Africa can spend up to 10 hours per day walking miles to collect wood for fire and cooking, with horrible attacks and brutality taking place to them during the wood collection period. We were appalled by this situation that remains unchanged despite the world-class efforts of Power African and other DFIs and organization. Thus, we decided to use the full resources of our firm, and that of our global family office partners, to actually do something about this problem the way that we do things in the private sector: by getting things done. Thus, using our private sector experience, successful track record in the capital markets, world-class experience of our people, and in conjunction with partnerships with other family offices, DFIs, and local African players, we were able to help with others start the process of creating innovating financing and sustainable energy philanthropic solutions to over six countries on the African continent. We believe that our work in Africa is properly described, in the words of our CEO, as "High Impact Philanthropy" that is the best and most effective way to create large scale change for society and help implement the United Nations Sustainable Development Goals.

At our firm, ur philanthropic work embraces the 17 SDG, SRI, sustainability, ESG, and Impact Investing best practices. We help the marginalized and those thought to be unemployable by creating jobs and building new economies. If your family office is interested in philanthropy, or increasing your philanthropic involvement by partnering with other family offices, we would love to partner, collaborate, or learn from your work.

As a starting point reference to help you increase your philanthropy, we encourage you to study the following list of foundations, non-profit funds, associations, NGOs, universities, and DFIs to understand the current eco-system of philanthropy as we see it today and to inspire your family office to become more involved.